TRON (TRX) Self Reported Market Capitalization Achieves $11.40 Billion

TRON (TRX) traded up 0.3% against the U.S. dollar during the one day period ending at 19:00 PM E.T. on August 24th. One TRON coin can now be bought for approximately $0.16 or 0.00000249 BTC on major cryptocurrency exchanges. In the last seven days, TRON has traded up 17.9% against the U.S. dollar. TRON has a market capitalization of $11.40 billion and $720.52 million worth of TRON was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed in the last day:

• Tezos (XTZ) traded up 0.5% against the dollar and now trades at $0.75 or 0.00001170 BTC.
• Terra Classic (LUNC) traded down 1% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Terra (LUNA) traded 0.4% higher against the dollar and now trades at $0.37 or 0.00000583 BTC.
• aelf (ELF) traded down 0.8% against the dollar and now trades at $0.42 or 0.00000656 BTC.
• GXChain (GXC) traded 5.3% higher against the dollar and now trades at $0.39 or 0.00000614 BTC.
• Adshares (ADS) traded up 1.4% against the dollar and now trades at $0.23 or 0.00000360 BTC.
• BitShares (BTS) traded up 1% against the dollar and now trades at $0.0018 or 0.00000003 BTC.

About TRON

TRON uses the hashing algorithm. Its genesis date was September 26th, 2017. TRON’s total supply is 86,855,781,845 coins and its circulating supply is 71,659,659,264 coins. The official website for TRON is trondao.org. TRON’s official Twitter account is @trondao and its Facebook page is accessible here. The Reddit community for TRON is https://reddit.com/r/tronix and the currency’s Github account can be viewed here. TRON’s official message board is medium.com/@tronfoundation.

According to CryptoCompare, “Tron (TRX) is a decentralized blockchain platform that offers high scalability and availability for decentralized applications (DApps). It has a native cryptocurrency, TRX, which was originally an ERC-20 token on the Ethereum blockchain. Tron aims to create a decentralized internet and its infrastructure, and supports smart contracts with a number of decentralized apps built on top of its network. Its decentralized finance (DeFi) ecosystem has billions in total value locked. The Tron network uses a delegated Proof-of-Stake (dPoS) algorithm, with TRX token holders delegating transaction validation to 27 “super representatives.” Tron was created by Justin Sun and launched in 2017, migrating to its own blockchain in 2018. TRX is used to pay for transaction fees on the Tron blockchain, can be staked for earnings, and is used in the Tron DeFi ecosystem for financial services.”

TRON Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as TRON directly using US dollars. Investors seeking to acquire TRON should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy TRON using one of the exchanges listed above.

TRX/USD price chart by TradingView